BP claims that cheaper technologycosts brighten solar power's future

(MEBG) – BP Solar Arabia expects solar power to become cheaper as a result of new technology and the falling cost of materials.

(MEBG) – BP Solar Arabia expects solar power to become cheaper as a result of new technology and the falling cost of materials, reported the Gulf News.

According to the report, Dubai would serve as an ideal place to show how solar buildings can look and prove solar power's economic viability.

According to the company, costs are dropping as new materials and processes are developed. In particular, thin film technology holds great promise for bringing solar into contention as a viable alternative for large-scale general applications.

Thus far the restrictive cost of solar power has restricted solar power’s use in the Gulf to remote telecommunication sites and unmanned oil and gas platforms and wellheads.

BP Solar Arabia is a Riyadh-based joint venture between BP and Olayan and Al Gosaibi of Saudi Arabia. Its currently produces solar panels for the regional market. The plant's capacity is up to three megawatts a year and its list of regular clients includes Aramco, Saudi Telecom, Etisalat and Petroleum Development Oman.